Chicago Cubs Reportedly Valued at $1.8 Billion

According to a report from Forbes, the Cubs were valued at $1.8 billion in order to complete the transaction of the minority shares of the team to six investors. Tom Ricketts confirmed the sale of minority ownership shares to six investors Wednesday after reports from Comcast SportsNet and the Sun-Times indicated the Ricketts family had […]

Tom Ricketts Confirms Sale of Minority Ownership Shares, Cubs Reportedly Raise Around $175 Million

Tom Ricketts met with the media Wednesday after addressing the team. And the Cubs Chairman confirmed the Ricketts family sold minority ownership in the Cubs to six investors. Comcast SportsNet reported the Ricketts family completed deals last week with six investors that included South Bends Cubs owner Andrew Berlin, for non-controlling interest in the Chicago […]

Report: Cubs Sell Minority Ownership Shares to Six Investors

According to a report from Patrick Mooney, the Ricketts family has sold minority ownership shares to six investors that includes South Bend Cubs owner Andrew Berlin. Major League Baseball has approved the sale of the shares into the Ricketts family’s holding company. The Cubs reportedly completed the deals late last week. The non-controlling interest “doesn’t come […]

Wrigley Field Restoration Update: Judge Denies Rooftops Request for Temporary Restraining Order

After hearing both sides state their cases Wednesday, Judge Virginia Kendall handed down her ruling Thursday morning and denied the rooftops request for a temporary restraining order. Judge Kendall said “the rooftop owners did not satisfy the burden of demonstrating irreparable harm if the signs went up” according to the Tribune. Multiple reports indicated the […]

Wrigley Field Restoration Update: Cubs File Motion Opposing Rooftops Request for Restraining Order

The Cubs responded Tuesday to the rooftops filing a request for an injunction, or restraining order, to stop the ongoing construction at Wrigley Field. According to the Tribune, the team “asked a judge Tuesday to deny an emergency request from two rooftop businesses to temporarily stop construction at Wrigley Field” and to dismiss the lawsuit […]

Wrigley Field Restoration Update: Rooftop Owners Seeking Restraining Order to Stop Sign Installation

According to a report from the Tribune, the rooftop owners that filed a lawsuit against the Cubs and Tom Ricketts last month for violating terms of its revenue-sharing contract went back to Federal Court on Thursday seeking a restraining order to stop the installation of the outfield signs. The two rooftop club owners are attempting […]

Wrigley Field Restoration Update: Cubs Release Video of Progress on the 1060 Project

The Cubs are making progress on the first phase of the 1060 Project to Expand and Restore Wrigley Field and the team released a video that provided details of the extent of the work going on at the old ballyard. The team announced during last month’s convention that the left and right field bleachers would […]

Wrigley Field Under Cubstruction was Main Focus of Cubs Business Operations Update

The fourth session attended during the second day of Cubs Convention was the Business Operations Update with Crane Kenney and his side of the Cubs front office. The main focus of the session was on the Wrigley Field Restoration and Expansion Project and Crane Kenney confirmed the bleachers will not be completed by Opening Night, […]

The Ricketts Family Purchases Three Rooftop Buildings

The Ricketts family recently completed the purchase of three rooftop buildings from two property owners. During Saturday’s session at the Cubs Convention, Tom Ricketts confirmed the family bought the buildings and the properties will continue to be run as rooftop clubs. The family purchased two properties on Sheffield Avenue and one on Waveland Ave. According […]

Wrigley Field Restoration Update: Rooftop Owners File Separate Lawsuit

According to reports from the Sun-Times and Crain’s Chicago Business, several rooftop club owners filed another lawsuit against the Commission on Chicago Landmarks. The lawsuit claims “the Cubs’ most recent tweak to their signage plan – scrapping one outfield sign and moving and shrinking the right field video board – was done to earn a […]